Video: Kim Dotcom arrested, Megaupload shut down In New Zealand

New Zealand authorities arrested Megaupload.com founder, Kim Dotcom and 3 M-upload employees after a large raid on Friday. According to first-reported statements, the police confiscated guns, millions of dollars, and almost $5 million in luxury cars (scroll down for video).

Kim Dotcom was facing U.S. accusations of facilitating piracy and copyright infringement acts, such as illegal downloads of films, music and other materials worth more than $500 million in lost revenue.

Megaupload featured 150 million registered users and 50 million views daily thus being ranked as one of world’s biggest file-sharing websites. According to a U.S. officials Kim Dotcom claimed 42 million bucks in 2010 from Megaupload.

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Kim Dotcom (a.k.a. Kim Schmitz), Bram van der Kolk, Finn Batato and Mathias Ortman had their first appearance in North Shore District Court in connection to Megaupload.com accusations. They were arrested when 70 New Zealand police searched 10 properties around Auckland.

Video: Megaupload.com founder Kim Dotcom (Kim Schmitz) appears in court